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London Road, Portsmouth

South East

£120,000
Listed on 02/05/2026

Property Details

Bedrooms
1
Type
Apartment
Area
794 sqft

Description

Located on the sought-after London Road in Portsmouth, this spacious one-bedroom basement apartment presents an excellent renovation opportunity for buyers eager to unlock its full potential. The property features a private entrance that leads into a generously sized living room, perfect for creating an inviting and adaptable living environment. A hallway connects to a large double bedroom, a roomy kitchen, and a bathroom. At the back, the kitchen opens up to a private courtyard garden, which offers useful outdoor space with the potential for enhancement. Although the apartment requires comprehensive refurbishment throughout, it holds promise for value addition. With appropriate permissions, there is clear potential to modify the layout to accommodate two bedrooms, making it an attractive proposition for investors or those wishing to craft their ideal home. Situated conveniently near local shops, amenities, and transport links, this property harmonizes space and location with significant investment prospects.

Investment Analysis

(PO2 area)

Below Market Value

This property is priced -40.2% below area average per sq ft

-40.2%
Potential saving
This Property
£151/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£256
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£220,796
10% above area average per sq ft
Potential ROI
+38.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PO2)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -1.2%
5 year growth: +16.5%
Investment Disclaimer: Analysis based on PO2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

London Road, Portsmouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£428
Based on a loan of £90,000 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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